Coherent Inc. (NASDAQ:COHR) rose 3.1% during trading on Friday . The company traded as high as $96.74 and last traded at $96.37, with a volume of 192,054 shares. The stock had previously closed at $93.46.

COHR has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Coherent in a research note on Tuesday, May 17th. Benchmark Co. lifted their target price on Coherent from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 23rd. Finally, Zacks Investment Research cut Coherent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.40.

The stock has a market cap of $2.34 billion and a price-to-earnings ratio of 30.13. The stock’s 50 day moving average price is $93.27 and its 200 day moving average price is $85.85.

Coherent (NASDAQ:COHR) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The firm earned $199.90 million during the quarter, compared to the consensus estimate of $197.44 million. Coherent’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. On average, equities analysts anticipate that Coherent Inc. will post $4.54 earnings per share for the current fiscal year.

In other Coherent news, Director L William Krause sold 7,700 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $88.55, for a total value of $681,835.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Luis Spinelli sold 3,027 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $84.90, for a total value of $256,992.30. Following the completion of the transaction, the vice president now owns 9,127 shares of the company’s stock, valued at approximately $774,882.30. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Coherent by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,405,606 shares of the company’s stock worth $91,520,000 after buying an additional 54,494 shares in the last quarter. US Bancorp DE boosted its stake in Coherent by 13.5% in the fourth quarter. US Bancorp DE now owns 22,380 shares of the company’s stock worth $1,458,000 after buying an additional 2,664 shares in the last quarter. Regis Management CO LLC bought a new stake in Coherent during the fourth quarter worth approximately $1,172,000. Principal Financial Group Inc. boosted its stake in Coherent by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 163,935 shares of the company’s stock worth $10,674,000 after buying an additional 2,577 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Coherent by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 954,127 shares of the company’s stock worth $62,122,000 after buying an additional 35,409 shares in the last quarter.

Coherent, Inc is a supplier of photonics-based solutions in a range of commercial and scientific research applications. The Company designs, manufactures, services and markets lasers, laser tools and related accessories for a diverse group of customers. It operates through two operating segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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